The Nobel Memorial Prize in Economic Sciences, officially known as The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (Swedish: Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is awarded annually by the Royal Swedish Academy of Sciences to researchers in the field of economic sciences. The first prize was awarded in 1969 to Ragnar Frisch and Jan Tinbergen. Each recipient receives a medal, a diploma and a monetary award that has varied throughout the years. In 1969, Frisch and Tinbergen were given a combined 375,000 SEK, which is equivalent to 2,871,041 SEK in December 2007. The award is presented in at an annual ceremony on December 10, the anniversary of Nobel's death.
As of the awarding of the 2015 prize, 47 Nobel Memorial Prizes in Economic Sciences have been given to 76 individuals. Up to 2007, nine awards had been given for contributions to the field of macroeconomics, more than any other category. The institution with the most affiliated laureates in economic sciences is the University of Chicago, which has 28 affiliated laureates.
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